Case Study: Fox Financial improves cash flow with Plastiq

Flipping multiple houses makes for a lot of bills. Plastiq helped Fox Financial take control of their cash flow

Fox Financial, a five-person construction and real estate investment company, faced significant cash flow challenges due to the industry norm of slow payments, with a typical Days Sales Outstanding of 51 days. This made it difficult for them to pay their suppliers for building materials and contractor services on time, often forcing them to delay payments for weeks until they received funds from a home sale.

Using Plastiq, Fox Financial's CEO was able to pay suppliers immediately using credit cards, effectively floating expenses and gaining the extra time needed to complete a home sale. This solution from Plastiq provided improved cash flow management, allowed the company to pay bills ahead of having cash on hand, and resulted in additional benefits like stronger supplier relationships and earned card rewards.

Fox Financial

Stuart Fox

Chief Executive Officer